---
schema_version: "secwatch.filing_event.v1"
accession: "0001077428-24-000089"
form_type: "8-K"
ticker: "TCBI"
cik: "0001077428"
company_name: "TEXAS CAPITAL BANCSHARES INC/TX"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:04:07.679693+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Texas Capital Bancshares Q1 net income $26.1M ($0.46 EPS); CRO Storms to retire June 15

## Summary
- Net income available to common stockholders $21.8M ($0.46 diluted EPS), vs $15.8M ($0.33) Q4 2023 and $34.3M ($0.70) Q1 2023.
- Loans held for investment grew 2.4% QoQ to $20.8B; total deposits up 7.1% to $23.95B.
- Net interest margin 3.03%, up 10 bps QoQ; provision for credit losses $19.0M; net charge-offs $10.8M.
- CET1 ratio 12.4%, Total Capital 16.6%; repurchased 529k shares for $31.5M at $59.27 avg.
- Chief Risk Officer Tim J. Storms to retire around June 15, 2024; search for replacement underway.

## SEC filing metadata
- accession: 0001077428-24-000089
- form_type: 8-K
- ticker: TCBI
- cik: 0001077428
- company_name: TEXAS CAPITAL BANCSHARES INC/TX
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/tcbi-20240413.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001077428-24-000089
- JSON: https://secwatch.observer/filing/0001077428-24-000089.json
- Plain text: https://secwatch.observer/filing/0001077428-24-000089.txt

## Key facts
- Earnings Releases
  TEXAS CAPITAL BANCSHARES INC/TX reported first quarter ended March 31, 2024 results: net income $26.1 million, EPS $0.46 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: $26.1 million
  - EPS: $0.46 per diluted share
  - Result: reported results
  source text: First quarter 2024 net income of $26.1 million and net income available to common stockholders of $21.8 million, or $0.46 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
- Executive change
  Tim J. Storms departed as Managing Director and Chief Risk Officer at TEXAS CAPITAL BANCSHARES INC/TX.
  - Action: retire
  - Role: Managing Director and Chief Risk Officer
  source text: Tim J. Storms, Managing Director and Chief Risk Officer of the Company and Texas Capital Bank, informed the Company that he plans to retire on or around June 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
- Shareholder Votes
  TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Approve, on an advisory basis, the 2023 compensation of named executive officers at the 2024-04-16 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 3 - A Company proposal to approve, on an advisory basis, the 2023 compensation of the Company's named executive officers as disclosed in the Proxy Statement:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
- Shareholder Votes
  TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Election of twelve directors at the 2024-04-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: On April 16, 2024, the Company held its Annual Meeting. The matters voted on at the Annual Meeting and final voting results are summarized below. Proposal 1 - A Company proposal to elect twelve directors each to serve until the next annual meeting of stockholders or until their successors are elected and qualified:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
- Shareholder Votes
  TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm at the 2024-04-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 2 - A Company proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.